Laopu Gold Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,068	732.65	69.84	60.28	25.19
Short-Term Investments	-	17.29	17.63	8.49	12.22
Cash & Short-Term Investments	2,068	749.94	87.47	68.77	37.41
Cash Growth	175.77%	757.34%	27.20%	83.85%	525.99%
Accounts Receivable	1,280	801.22	376.33	100.27	104.43
Other Receivables	-	157.79	8.77	2.22	4.35
Receivables	1,280	959	385.09	102.49	108.78
Inventory	16,044	4,088	1,268	806.84	770.34
Other Current Assets	1,157	36.5	35.34	26.89	6.35
Total Current Assets	20,549	5,833	1,776	1,005	922.88
Property, Plant & Equipment	561.55	414.88	309.77	248.4	220.74
Other Intangible Assets	12.88	3.12	2.88	3.07	2.68
Long-Term Deferred Tax Assets	54.94	21.43	12.54	9.23	7.87
Other Long-Term Assets	73.68	64.05	57.53	25.53	14.8
Total Assets	21,253	6,337	2,159	1,291	1,169
Accounts Payable	635.91	228.2	57.66	5.11	7.09
Accrued Expenses	-	289.44	110.6	50.47	53.88
Short-Term Debt	-	1,373	127.75	136.23	128.59
Current Portion of Long-Term Debt	6,164	-	-	-	8.01
Current Portion of Leases	228.05	152.79	101.39	71.51	45.82
Current Income Taxes Payable	315.26	114.29	19.48	5.92	4.26
Current Unearned Revenue	16.62	9.89	27.77	8.82	5.63
Other Current Liabilities	2,520	80.49	29.49	13.33	13.99
Total Current Liabilities	9,880	2,249	474.14	291.38	267.27
Long-Term Debt	100.09	-	-	-	-
Long-Term Leases	172.4	163.83	165.42	127.19	129.03
Long-Term Unearned Revenue	0.69	0.92	1.15	0.89	0.57
Other Long-Term Liabilities	4.01	3.12	2.42	2.18	1.79
Total Liabilities	10,157	2,416	643.13	421.64	398.66
Common Stock	176.39	168.37	142.64	136.5	136.5
Additional Paid-In Capital	-	1,471	599.95	384.34	384.34
Retained Earnings	-	2,224	750.93	334.63	240.1
Comprehensive Income & Other	10,919	57.15	21.9	14.1	9.37
Shareholders' Equity	11,095	3,920	1,515	869.57	770.31
Total Liabilities & Equity	21,253	6,337	2,159	1,291	1,169
Total Debt	6,665	1,690	394.57	334.93	311.45
Net Cash (Debt)	-4,597	-940.14	-307.1	-266.16	-274.05
Net Cash Per Share	-26.67	-6.04	-2.23	-1.95	-2.01
Filing Date Shares Outstanding	176.39	168.37	142.64	136.5	136.5
Total Common Shares Outstanding	176.39	168.37	142.64	136.5	136.5
Working Capital	10,669	3,585	1,302	713.6	655.61
Book Value Per Share	62.90	23.28	10.62	6.37	5.64
Tangible Book Value	11,082	3,917	1,513	866.5	767.64
Tangible Book Value Per Share	62.83	23.27	10.60	6.35	5.62
Machinery	-	71.35	51.86	41.1	33.44
Leasehold Improvements	-	161.59	87.95	70.92	53.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.